Govt to cut gasoline, diesel fuel excise duties from Friday

MOSCOW, May 31 (PRIME) -- The Russian government plans to cut gasoline excises by 3,000 rubles per tonne and diesel fuel excises by 2,000 rubles per tonne already from Friday and by additional 700 rubles per tonne from July 1, a participant of a meeting chaired by Deputy Prime Minister Dmitry Kozak on Wednesday told PRIME on Thursday.

Kozak’s representative Ilya Dzhus confirmed that the reduction of fiscal burden on the oil industry for stabilization of the situation on the fuel market was discussed. He said that 700 rubles is the abolishment of an earlier planned increase of excise duties on gasoline and diesel fuel from July 1.

First Deputy Prime Minister, Finance Minister Anton Siluanov said earlier that the government will reduce gasoline excises by 3,700 rubles per tonne and diesel fuel excises by 2,700 rubles per tonne from July 1.

(62.5937 rubles – U.S. $1)

End